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Anthony Sanfilippo named President & CEO of Multimedia Games

AUSTIN, Texas -- (PRESS RELEASE) -- Gaming technology developer Multimedia Games Inc. (NASDAQ: MGAM) today announced the appointment of former Harrah's Entertainment executive Anthony Sanfilippo as President and CEO. He will also serve as a member of Multimedia's Board of Directors.

Mr. Sanfilippo brings to Multimedia more than 20 years of gaming experience, including 10 years as president of Harrah's Central and Western Divisions. During this time, he oversaw the operations of more than two dozen properties of the world's largest and most successful gaming company, including those in Las Vegas and New Orleans. His career accomplishments include the successful integration of the three Jack Binion Horseshoe Casinos into Harrah's Entertainment, as well as other properties that were acquired or developed as gaming was introduced in new jurisdictions.

"Anthony's unique insight and tremendous gaming industry experience will be invaluable assets for our company," said Mike Maples, Chairman of Multimedia Games. "Anthony is well respected in the industry and has a reputation for being a thoughtful leader who places great value on developing positive relationships with stakeholders of the company. His arrival marks the beginning of a key phase in the success of Multimedia Games."

Mr. Sanfilippo's early agenda will include examining the company's portfolio of products and services, understanding the current value of the company primarily through meetings with employees and customers, and developing with the Board of Directors a comprehensive strategy for moving forward, with the ultimate goal of unlocking the value of the company for shareholders.

"Multimedia Games has achieved great success in its early years by using its innovative technology, and has a business platform that will allow it to focus on current strengths and untapped opportunities," said Sanfilippo. "It is important that we continue to provide a high level of service to our existing customers while rigorously evaluating our current product and service offerings. Our long-term success will be determined by our focus on profitable revenue streams and our ability to provide products and services that are highly valued in the marketplace."

"This is a terrific opportunity to lead an organization that promotes a professionally fulfilling environment for our employees, to develop outstanding products and services for the market, and to have financial outcomes that our shareholders will value," Sanfilippo said.

Since April 1, 2008, Executive Vice President of Sales Gary Loebig also served as interim CEO.

"The Board greatly appreciates Gary's stewardship as interim CEO and we look forward to benefiting from his continued contributions as a top executive in our company," Maples said.

Mr. Sanfilippo, 50, will assume his new responsibilities immediately. He is purchasing 250,000 shares of Multimedia stock and is tying the majority of his compensation to the future success of the company. He has been granted stock options of 1.3 million shares.

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